Specialized Loan Servicing: Short Sale Assistance for Home Buyers

The decision to purchase a home is never made lightly. For the average person, a house would be the biggest investment they will ever make, so they’re under pressure to do everything right: finding the right house for their specific needs, circumstances and financial capacity; negotiating the best price; getting all documents and legalities in order, etc.

Of course, none of these tasks can be accomplished through the DIY route. The sheer complexity of the entire home buying process and all the associated activities would be too much for someone not versed in real estate trends and financing strategies to handle, so it’s best to turn to the professionals for help—especially if you’re looking at a house that seems to come with a good deal, since you’re most likely to be looking at a short sale.

What is a short sale?

A short sale takes place when a homeowner sells his house for less than the amount that he owes the mortgage company. Everyone owed money by the homeowner must agree to receive less than the owed amount, or even nothing at all, in order for the deal to close. This means that the home buyer can get the house for a lower price, and the current homeowner will not have a foreclosure on his credit record.

Expecting challenges

The problem is that the complex nature of short sales means it will take longer than usual to close, causing buyers to exert extra effort to complete the property purchase.

These obstacles can prove to be highly frustrating for many home buyers. On top of the unique difficulties presented by a short sale, there are the usual concerns that buyers have when going through the process of investing a large amount of money. There’s the matter of dedicating a significant period of time to the process. Completing documentation and paperwork can be especially bothersome to people who struggle with staying on top of so many details—and maintaining accuracy in all documents is yet another concern to think about. They want to be assured that they are working with real estate and lending professionals with utmost integrity, that they can trust.

Hiring the right people

To ensure a successful property purchase, home buyers are advised to tap the expertise of companies providing specialized loan servicing. Short sale negotiations will be properly managed because these specialists will have loss mitigation services that can assist realtors, lenders and home sellers for a more streamlined and cohesive overall transaction. The result is a faster and more successful home purchase and greater peace of mind for home buyers.

Featured Testimonials

AAA Private Money has worked with Del Toro Loan Servicing for many years. We have found their responsiveness to be the best in the industry, and the quality of the work they do has always met or exceeded our expectations. We have formed lasting relationships with all of the staff and ownership and look forward to a long and prosperous relationship for many years to come.

Clinton Muhe

AAA Private Money, LLC

I appreciate your attention to detail in the discovery of the accounting miscalculation in my favor. Drew, you and your whole team represent the highest standards of integrity. It is very much appreciated. Again, a very heartfelt “Thank You” to you and the entire staff at Del Toro for all of the effort put forth on my behalf in order to bring this transaction to a successful conclusion.

Jim Feller

Double F Management, LLC

California Private Lenders has been working with Del Toro Loan Servicing for eight years now, and it has been a great experience. Not only do they have a great servicing department, but they also do all of our loan/lender documents. The customer service has been beyond spectacular. If you want to deal with an honest, competent and reliable servicing company that will put you as a priority, you can count on Del Toro.

Mike Christl

California Private Lenders President

During our two years working with Del Toro, we have always experienced outstanding customer service and professionalism. Leah Ecija, who handles our accounts, exudes professionalism in any situation. Del Toro always goes above and beyond the call of duty. Their positive attitude and cheerful disposition are an added bonus. It is a joy to work with them.

Joyce Cham

Woody Financial Realty Corporation

AJX Homes has worked with the Del Toro Loan Servicing team since 2010. We can’t say enough about how much they help make our flipping business run smoothly, from purchase to resale! Helping us quickly prepare and process loan documents for investors and escrow is the key to repeat business. We appreciate all the help Drew and his team have given us throughout the years.

Miguel A. Molina

AJX Homes LLC

I have reviewed the loan documents and, as usual, Del Toro (Katherine) has done an excellent job.

Dr. Stuart Weiss

Drew, Here’s to the man with the courage to fight, Here’s to the man, who did not let the bastards grind him down, I am grateful for all your efforts on my behalf, Here’s to the sweet smell of success.

James P. Feller

Double F Management Group, LLC

“Yes,” Pensco wanted the fully executed extension this morning and I had it! Both PS Modern and I have found you to be a wonderful person to help us. You have been positive and upbeat about making this easy for all of us! Thank you!

Howard Hyman

Fremont Bank

Catching 100 waves at the event reminded me of how powerful a community can be.

Just to share a little, I’m really proud that my ten person team raised $40,000!! That is enough to open two new schools this year.

The total event has raised $350,000 and donations are still coming in.

Sean Puckett

You guys are the absolute best!

Barbara Cuillo

Mortgage Securities

Recently, Sequoian Investments, Inc.’s success was recognized by the San Diego Business Journal as San Diego County’s Number One Fastest Growing Company for 2016- a list which represents companies in every sector of San Diego’s business community.

One of the ways we maximized our success was to strategically align ourselves with industry experts who share the same values of our company. One of those companies is Del Toro Loan Servicing, Inc.

Del Toro’s ability to tailor services to our specific needs (Loan Processing, Doc Drafting and Servicing) not only helped us achieve the success we’ve experienced, but also landed Del Toro in ranks of the “Fastest Growing Companies” San Diego as well.

We consider Del Toro a valued partner and we highly recommend anyone In the industry consider them as their primary resource or as a backup partner when your workload demands it.

Alexander Pellegrino

Sequoian Investments, Inc.

Our payoff that was short more than $9,000. Escrow explained that Del Toro’s Demand was inaccurate AND that the borrower was only required to pay only the amount on the Demand. AMAZINGLY, Del Toro management quickly accepted responsibility and told us to expect a wire the following day (which we did). That’s integrity…

Blue Sky Capital

You are doing an excellent job in sorting out this rather complicated matter.

Bob Holt

Dear Drew,

I am very pleased with your help on our case. You were very knowledgeable and accessible when needed. I think that your identification of issues was helpful in obtaining a fair settlement of the case. I would highly recommend you to any persons with a need for an expert witness in the note/deed of trust /securities law field.